Post
Topic
Board Beginners & Help
Re: Which is more lucrative between mining and trading bitcoins?
by
SOKO-DEKE
on 27/05/2023, 17:44:52 UTC
I am looking to start my Bitcoin journey from somewhere that would be of advantage to me as the economic situation in my country bears down hard and with having family to Carter for, it is rather exhausting.
Without much physical mentors with real life experiences except for YouTube and this forum where I feel I can ask good questions and be answered well, am asking, which is the more lucrative endeavour for a newbie hoping to benefit from cryptocurrency at first between Bitcoin mining and Bitcoin trading?  

Are there other Bitcoin endeavours one could be interested and invested in, other than trading and mining?

Been a newbie you are  advice to stay away from mining and trading for the first attempt in cryptocurrency industry still you have gathered enough knowledge.

So both trading and mining are welcome when you have good knowledge about cryptocurrency industry and have good capital. In mining you need a huge amount of money to setup the mining sector especially money to buy ASIC which I may say is so expensive for ordinary person to be able to afford.and again i don't think mining bring more profits this days like those days back then.

Trading is not also easy because it involves seriously risks especially when you don't have good knowledge about it you will always lose it all but still think is better than mining to deal with.when someone is patient enough and  required good skills of trading such may be making reasonable profits despite it can be all time.but if I have to advice you I will just say you should buy some amount of Bitcoin and hold for some time for now,and focus on learning trading and when you think you are capable you can start trading.